Tempus fugit – we’ve enjoyed two months of Budi Madani RON 95 (Budi95) already. From the September 30 start up to November 30, 13.9 million out of 16.55 million eligible Malaysians (84%) have bought 2.59 billion litres of RON 95 petrol at the subsidised RM1.99 a litre (RM5.16 billion total), Bernama reports. First month statistics here.
“The government is expected to generate savings of around RM2.5 billion to RM4 billion a year, subject to global oil prices and based on domestic consumption survey data prior to Budi95’s implementation,” deputy finance minister Lim Hui Ying said today in the Dewan Negara.
“This savings range takes into account various global crude oil price scenarios or between US$60 and US$80 per barrel, as well as the elimination of subsidies for non-targeted segments such as non-citizens and commercial users,” she added.
“The 2025 focus will continue to be on monitoring and improving implementation mechanisms to ensure the Budi95 system remains stable and user-friendly for the people while helping to address subsidy leakages. This fiscal space also strengthens the government’s ability to finance the development of educational, healthcare and public transportation facilities nationwide,” she said.
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how about release numbers of how much leakage was saved?
So monthly usage is
~180L per individual
180L for 2 mths … from 30 Sept till 30 Nov
Oh thanks. Good that
we needed much lesser
Who cares! Their janji above still unfulfilled wat!
Dear Deputy Minister, now we know we consume 2.59billion litre via Budi95. Can we know how much RON95, including non Budi95 consumption, we consume during this period ?
From these two figure we can conclude how much have we saved from Budi95 in comparison to current standing RON95 price (RM2.65).
thank you